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Preventing military coups in Africa: Attention, Nigeria Leading Reporters
HeadlinesOpinion

Preventing military coups in Africa: Attention, Nigeria

by Leading Reporters September 3, 2023
written by Leading Reporters


 By Tonnie Iredia
 
Two recent military coups in neighbouring Niger and Gabon have heightened discussions in Nigeria of the possibility of military intervention in the politics of the nation. The feeling appears so palpable considering the commonality of causative factors which over the years always influenced military rule in Africa: societal restiveness, poor economy, failed elections, pervasive corruption, extravagance of politicians and the helplessness of civic society accentuated by the disappearance of the middle class. In Nigeria, the division of society into two classes only; that is those who have everything and those who have nothing is more visibly felt than anywhere else. This has left many people to pray not just for something to change but for it to come through the efficacy of a military coup. The recent decision of the military hierarchy in Nigeria to formally dismiss such undemocratic undertones in the land is instructive.
 
Democracy is no doubt acclaimed world-wide as the best form of government, but then democracy is not a matter for claims. Rather, it is a system of government which is based on freedom and the politics of equality. Its features are not only sacred; they are offensive when adulterated. There are 5 such critical features, namely: the sovereignty of the people, the rule of law, free and fair elections, majority rule and the protection of minority rights. To qualify as a democracy therefore, the sovereignty of the people on whose behalf government functions is not negotiable. It is the people who matter and not the government. A democratic country in which everyone is equal before the law, cannot allow certain privileged citizens to use law enforcement agencies to detain their opponents or critics without trial. To manipulate an election process for losers to become winners nullifies real majority rule just as democracy as a game of numbers is contingent upon the protection of minority rights.
 
What the above features suggest is that those who are anxious to prevent military coups in Nigeria must first endeavour to make Nigeria a democracy. It is erroneous to continue to argue that the worst form of democracy is better than the most benevolent military rule because there is no difference between military rule and civilian rule or fake democracy. Those who argue that soldiers who shoot their way into government were not elected by the people must be fair enough to agree that those who come into office through the manipulation of the votes of citizens were also not elected by the people.  Soldiers in government are not accountable to the people because they were not elected by the people. Similarly, election riggers in government only mouth service to the people; rather than serve, they amass wealth in readiness for the manipulation of the next set of elections. It is therefore undemocratic to have elections that are neither free nor fair.
 
In truth, Nigerian politicians do not believe in hitch-free elections. They prefer to devote all their energies towards circumventing electoral laws and guidelines. Although the constitution provides for an electoral body made up of persons who are transparently non-partisan, many electoral officials in Nigeria are card carrying members of the ruling party. By so doing, some players in the game of election are also referees in the same game. Again, our constitution provides for a democratically elected system of local government, yet our governors always ensure that government at that local level is run by caretaker committees made up of party members. Where local government elections are organized, the state electoral bodies are directed to ensure the election of all chairmen and councillors of the ruling party.  The goal is to divert public resources accruing to them at that level from the federation account to the personal use of governors and their parties.

In a democracy, everything is scheduled. For example, after electioneering comes governance. In Nigeria’s democracy, every time is for electioneering. As soon as one election ends, electioneering begins for the next election due in 4 years. Already, state governors who came into office a few months ago are currently busy leading the campaign teams in other states whose elections are holding soon. When will such governors govern their states? Why can’t such governors concentrate on governance while their party officials use the party machinery for the current campaigns? In Edo state, for instance, governorship elections are holding not this year but next year, yet the matter of the, moment in that state is the number of governorship aspirants that are already engaged in open campaigns. If Kogi, Imo and Bayelsa with nearby governorship elections are doing nothing else but electioneering, should that also be the fate of others such as Edo whose elections are not immediately around the corner?
 
The result of our culture of “electioneering without end” is poor governance which makes it virtually impossible for the living standards of the ordinary people to improve. Nigeria’s electioneering is not only long and capital intensive; it is also bastardized. To start with, incumbents are busy placing hurdles in the way of their opponents during campaigns. This short-changes the electorate because state facilities do not belong to a ruling political party; they belong to the people and ought to be used for public enlightenment. Level playing field which guarantees the politics of equality is distorted when opposition parties are precluded from using public facilities such as stadium or any other platform. Indeed, state media outfits are propelled to shut their gates to opposition political parties in breach of the electoral law which directs the public media to provide equal time for all.
 
Poor governance in society frustrates all and sundry such that aggrieved soldiers think of nothing but coups while traumatized citizens troop out to rejoice and embrace military intervention in politics. To prevent Africa’s wind of coups from blowing towards Nigeria, so much has to be done to keep the society on good footing. First, it is necessary to draw a fine line between electioneering and governance. A presidential or governorship candidate has to be loyal to his party but when he becomes president or governor, his oath of office demands that his loyalty shifts to the general public. The trend in Nigeria in which members of the ruling party want to constitute government alone is parochial. In the last few days some APC members had openly condemned the appointment of a non-party member into a newly constituted board. The posture works against inclusivity as the office-holder was not elected by members of only one party.
 
Monopoly which members of a ruling party seek to exercise over government is particularly dangerous as it has capacity to swell up the numerical strength of ordinary people who feel aggrieved against government.  It is in fact offensive for a government to allow itself to be seen as not belonging to all. Some non-partisan citizens especially notable technocrats must be included in any government that intends to succeed in developing society. After all, the most effective members of successive governments in Nigeria were sourced on the basis of their track records of service and not because they were card-carrying members of the ruling party. Except government follows such well tested pattern of leadership recruitment, conducive environment would be created for civil society groups to distract government with criticisms only.
 
It is also important for government to depoliticise the security agencies as well as the military. Ironically, those who went to court in the past against the use of the military in our elections have since 2015 consolidated the same anomaly. But when it is convenient it is said that the military must not intervene in politics. There is the urgent need to equip the forces appropriately and give them attractive conditions of service. The new National Security Adviser has reportedly begun moves to reposition the police to take full charge of internal security. It is hoped that he would also sensitize them to recognise that in a democracy, public protests are allowed and not teargassed. It is also hoped that the common practice of supersession among our uniform forces would be checked. If not, those who are superseded or compulsorily retired to pave way for their chosen juniors to take control of the forces will join the army of aggrieved citizens especially the massive unemployed youths to canvass, urge and pray for military coups.  
 
 September 03, 2023

September 3, 2023 0 comments
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Commission’s Chief Executive, Gbenga Komolafe NUPRC Leading Reporters
BusinessHeadlines

NUPRC threatens to revoke ‘oil operators’ licences

by Leading Reporters September 2, 2023
written by Leading Reporters

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has threatened to revoke the licences of oil operators or settlors who failed to remit the three per cent statutory fees to oil communities before September ending.

The NUPRC management on Friday said its attention had been drawn to the agitation by host communities in the oil and gas producing areas of the Niger Delta region over the delay by industry settlors/operators in remitting the statutory fees.

A statement signed by the Commission’s Chief Executive, Gbenga Komolafe, said the three per cent (3%) remittance was governed by Section 235 of the Petroleum Industry Act (PIA), 2021.

The relevant section states that failure by any holder of a licence to comply with its obligations under this Chapter, may be grounds for revocation of the applicable licence.

“Therefore, defaulting operators (settlors) under PIA 2021 (section 235) are advised to do the needful by fulfilling their obligations and remitting the outstanding arrears without further delay.

“As the commission might be compelled by emerging circumstances to fully apply the law under section 235 of PIA 2021.

“Notice is hereby served that in a situation where defaults are not remedied by the end of September 2023, the Commission would have no option but to revoke the licence of the defaulting settler/operator,” said the statement.

The commission said it understood the sentiments of the host communities, especially as the PIA had suspended and replaced existing provisions with a new Host Community Development Trust Fund (HCDTF).

The old provisions are; Global Memorandum of Understanding (GMOU) and the Memorandum of Understanding (MOU).

The Commission said it was fully aware of the implications of the development if allowed to fester.

It said the agitation might frustrate the Commission’s efforts at up-scaling the drive for higher foreign exchange and attracting Foreign Direct Investment (FDI) into the country.

Incidentally, it said it was also capable of truncating efforts at stabilising the value of the Naira, attaining the much-desired rebound in the national economy and improving the country’s macro-economic status.

“The statutory provision of the PIA regarding the annual contribution of operators in the industry, under Section 240 (2) of the PIA, 2021, is very clear.

“And it states: Each settlor, where applicable through the operator, shall make an annual contribution to the applicable host communities development trust fund.

“It should be an amount equal to three per cent of its actual annual operating expenditure of the preceding financial year in the upstream petroleum operations affecting the host communities for which the applicable HCDT fund was established.

“Given the implications of allowing continued default on sustained peaceful operations and the eventual effect on national oil and gas output.

“The Commission will be minded to activate its regulatory powers in line with PIA’s provisions as stated above, to bring defaulting recalcitrant settlors into compliance,” said the statement.

The NUPRC management said it recently passed the Host Community Regulation and organised a sensitisation programme, emphasising the responsibility of settlors under the PIA, 2021, but those concerned had neglected this, thereby stoking avoidable agitations.

“The settlors are, therefore, required to perform their obligation to commence remittance of the statutory three per cent contribution,” it added.

It stated that remittance of the statutory contribution, which should have served as succour to the host communities, had sadly become a source of pain to the lawful beneficiaries.

This, it said, had given impetus to actions that might affect smooth upstream operations within affected host communities, a situation that could have been addressed through routine social inclusion.

It further said although the ultimate regulatory sanction, as enshrined in Section 238 of the PIA, was the revocation of assets, but it had been careful in applying it.

It said this was to avoid compounding the already low level of investment and divestment rate and further impact negatively on production levels and revenue.

It said, rather, it chose to draw a balance and be strategic in implementing the provisions of the law. (NAN)

September 2, 2023 0 comments
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Headlines

Group Asks President Tinubu To Purge MINT, NIRSAL, Others Of Emefiele’s Cohorts

by Leading Reporters September 1, 2023
written by Leading Reporters

A Texas-based pro-good governance group, League of Patriots has appealed to the President and the Commander-in-Chief of the Armed Forces, President Ahmed Bola Tinubu to, as a matter of urgency purge Nigeria Security, Printing and Minting, popularly called MINT and The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending NIRSAL of all Emiefele-Boys who thronged out with him from Zenith Bank.

The group said Emiefele perennially ran those strategic institutions controlled by the Central Bank of Nigeria with utmost and untamed impunity with his Zenith-Bank clique.

League of Patriots is a Nigerian pro-good governance and investment-promoting group, based in Austin Texas. The group in their Zoom meeting with membership participation from USA, Europe and Nigeria frowned that if its previous outcry about the activities of Godwin Emiefele were heeded, Nigerians would have been saved from a lot of difficulties Emiefele’s currency redesign policy caused them.

The League, as it is fondly called, noted that Godwin Emiefele ran a cult-like policy with his clique from Zenith Bank to fill strategic institutions for the purpose of self-aggrandizement and self-enrichment. MINT and NIRSAL were two strategic institutions The League identified as hubs of corruption and inefficiency.

“You recall that Mr. Masanawa was quite reckless like his principal in running MINT. Aside from violating the Code of Conduct Act by sitting on a board of private companies with which he siphoned money to acquire property, buy shares in other private businesses and fund his political ambition, he took corruption to another height with his team members. Funny enough, one of his types replaced him when he resigned. Mr. Ahmed Haliru. It was just a game of hitmen. Something close to what we say in Nigeria – chop, I chop”

“Our message is simple. As a
strategic partner in progress, and as Nigerians who desire a change not only in words but in actions, we appeal to President Ahmed Bola Tinubu to, as a matter of national urgency purge these strategic institutions where Emiefele riling impunity festered across.

“We hold the view that Mr President should be more interested in serving Nigerian people who elected him than serving the interest of those who have a history of corruption. He should ensure that the likes of Masanawa, Haliru and their likes in NIRSAL do not get away with the crime they have committed against Nigeria people.

September 1, 2023 0 comments
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BusinessHeadlines

BREAKING: NCAA Suspends Xejet Operations Over Fake Certificate

by Leading Reporters August 31, 2023
written by Leading Reporters

The Nigeria Civil Aviation Authority (NCAA) has suspended the operations of Xejet Airlines over alleged fake insurance certificates for its Embraer 145 aircraft.

A letter NCAA/DGCAIGC/8/16/628, to the Accountable Manager XeJet Limited, dated Wednesday August 30, 2023, titled, ‘Notice of Suspension of the Air Transport License (ATL) and Air Operators Certificate (AOC) EXJETJAOC/01-22/00’, signed by the Director General of NCAA, Captain Musa Nuhu, stated that the aircraft insurance documents did not emanate from Consolidated Hallmark Insurance as claimed by the airline.

Information gathered that the NCAA also copied the the Minister of Aviation and Aerospace Development, Festus Keyamo, Executive Chairman, Economic and Financial Crimes Commission (EFCC), and the Managing Director of the Nigerian Airspace Management Agency (NAMA).

The letter read, “The Nigeria Civil Aviation Authority (NCAA) is in receipt of the response to our letter of verification from the National Insurance Commission (NAICOM) regarding your Certificate of insurance with No.40122093300118-22E in respect of your Embraer 145; the authenticity of your insurance documents and that the documents did not emanate from Consolidated Hallmark Insurance as presented to the Authority.

“In view of above, the Authority is investigating the matter and hereby suspends your Air Operators Certificate (A0C) with certificate No XEIETIA0C/01-22/001 for safety considerations and public interest in accordance with Section 59 (7) of the Civil Aviation Act with immediate effect pending the conclusion of our investigation.

“Consequent upon the above, the operations of the underlisted aircraft are suspended: 5N-BZM Embraer EMB-145LR with Serial No. 14500842, 5N-BZL Embraer S.A EMB-145MP with Serial No. 145360, 5N-BZN Embraer EMB-145MP with Serial No. 1450056, 5N-XEL Bombardier INC. CL-600-2B19 (CRJ 200) Serial No. 7975.

“You are therefore required to return the ATL and AOC to the office of the Chairman Flight Standard Group upon receipt of this letter.”

August 31, 2023 0 comments
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Fidelity Place Leading Reporters
Business

Fidelity Bank to help Schools prepare for New School Session with Edu Loan Product

by Leading Reporters August 30, 2023
written by Leading Reporters

As the summer break winds down, leading financial institution, Fidelity Bank Plc, has emphasised its devotion to help schools prepare adequately for the next session and deliver quality education.


Through its bespoke product known as the Fidelity Edu Loan, administrators of registered private primary, secondary and tertiary institutions in Nigeria can access loans of up to N180million.


In a chat with journalists, Divisional Head, Product Development, Fidelity Bank Plc, Osita Ede said, “At Fidelity Bank, we recognize the pivotal role quality education plays in the development of any nation and this informed our introduction of the Fidelity Edu Loan. Through the offering, privately-run educational institutions can access loans at a friendly rate for working capital needs like minor renovation on their school property, financing the purchase of school supplies like books, teaching materials, furniture or uniforms; and making salary payments.


“Similarly, schools can leverage the Fidelity Edu Loan to purchase fixed assets like school buses, generators and construct new school buildings.
To be eligible for the product, the requesting customer must have operated their educational institution for at least three years and should be duly registered with the relevant authorities.


“The Fidelity Edu Loan is part of our larger education finance proposition at Fidelity Bank as we aim to empower everyone within the education ecosystem, including the schools, parents and contractors, with amazing financial and non-financial products and services.


For instance, we have the Fidelity Personal loan which provides instant loans of up to N5million to employees of private and public organisations by simply dialing 77008# from their mobile phones. This can become handy for paying school fees or meeting other personal needs”, explained Ede.


Fidelity Bank is a full-fledged commercial bank operating in Nigeria with over 8million customers serviced across its 250 business offices and digital banking channels. The bank was recently recognized as the Best SME Bank Nigeria 2022 by the Global Banking & Finance Awards. The bank has also won awards for the “Fastest Growing Bank” and “MSME & Entrepreneurship Financing Bank of the Year” at the 2021 BusinessDay Banks and Other Financial Institutions (BAFI) Awards.

August 30, 2023 0 comments
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Emiefele Escapes Nigeria through Seme Border:  Zenith Bank-Cult boys in MINT, NIRSAL, others jittery over a can of worms being unearthed LeadingReporters
ExclusivesHeadlinesInvestigation

Breaking: Emiefele Escapes Nigeria through Seme Border:  Zenith Bank-Cult boys in MINT, NIRSAL, others jittery over a can of worms being unearthed

by Leading Reporters August 30, 2023
written by Leading Reporters

Goerge Emiefele, the younger brother of the embattled Central Bank of Nigeria, Godwin Emiefele has escaped to London en route to the United States of America, through Cotonou, LeadingReporters can exclusively report.  His escape follows his inability to secure a court order interdicting the Department of State Security Services and the Attorney General of the Federation from arresting and prosecuting him.

Goerge who until his escape worked with NEM Insurance PLC, through the help of the Central Bank Governor had unfettered access to the coffers of the Nigeria, Security and Minting Company, popularly called MINT where the sum of N1.5billion was constantly wired to him under the guise of Annual Premium. 

Our investigation further revealed that George Emiefele who, until his escape was the DGM marketing in NEM Insurance collected the sum of N80million every month from Tawada Nigeria Limited (an affiliate of CBN responsible for the production of inks and raw materials used in printing currencies and other security documents) as coverage for marine insurance. 

To ensure that such transaction was not traced to him, Goerge in connivance with the former Managing Director of Nigeria Security, Printing and Minting Mr Abbas Umar Masanawa (who is currently under investigation by the Department of State Security Services DSS), and the current MINT MD, Halilu Ahmed, fronted another insurance company called Assured Capital Insurance Brokers Limited from where the monies are paid and forwarded to him. 

A source who is in the know of the behind-the-scenes deals revealed to LeadingReporters that Goerge ran the deal with his kinsman Joseph Ebete, the general manager of Assured Capital Insurance Brokers Ltd.  Goerge as well extended his looting spree to other agencies, companies, and affiliates of the Central Bank of Nigeria. 

George Emiefele, according to information unveiled by LeadingReporters leveraged his relationship with Central Bank of Nigeria Governor, Godwin Emiefele milked all the agencies and companies affiliated with the Central Bank of Nigeria such as MINT, Tawada, NIRSAL,

Meanwhile, information available to LeadingReporters has revealed that Godwin Emiefele’s boys, popularly referred to as Emiefele Zenith-Bank-Cult boys in top management positions in MINT, NIRSAL, Tawada are all jittery.  A source said that Emiefele boys are doing everything possible in MINT and NIRSAL to cover links and alter records in favour of the embattled Central Bank Governor Godwin Emiefele. 

An insider source who is part of the team investigating Godwin Emefiele hinted that a lot happened under the watch of the embattled CBN Governor and that soon, Nigerians would be surprised to know the level of impunity, recklessness and untamed corruption that occurred under Emiefele’s Watch.

August 30, 2023 0 comments
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Africa & World

Breaking: Gabonese military officers announce they have seized power

by Leading Reporters August 30, 2023
written by Leading Reporters

A group of senior Gabonese military officers appeared on national television in the early hours of Wednesday and said they had taken power, minutes after the state election body announced President Ali Bongo had won a third term.

Appearing on television channel Gabon 24, the officers said they represented all security and defence forces in the Central African nation. They said the election results were cancelled, all borders closed until further notice and state institutions dissolved.

Loud sounds of gunfire could be heard in the capital Libreville, a Reuters reporter said, after the television appearance.

There was no immediate comment from the government of the OPEC-member nation. There were no immediate reports on the whereabouts of Bongo, who was last seen in public when he cast his vote in the election on Saturday.

“In the name of the Gabonese people … we have decided to defend the peace by putting an end to the current regime,” the officers said in a statement.

As one officer read the joint statement, around a dozen others stood silently behind him in military fatigues and berets.

The servicemen introduced themselves as members of The Committee of Transition and the Restoration of Institutions. The state institutions they declared dissolved included the government, the senate, the national assembly, the constitutional court and the election body.

August 30, 2023 0 comments
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Breaking News Leading Reporters
Headlines

BREAKING: Tinubu appoints new board members, management team for NDDC

by Leading Reporters August 29, 2023
written by Leading Reporters

President Bola Tinubu has appointed board members and a management team for the Niger Delta Development Commission (NDDC).

According to a statement by Ajuri Ngelale, presidential spokesperson, on Tuesday, Chiedu Ebie was appointed the chairman of the board of the commission while Samuel Ogbuku is the managing director and chief executive officer (CEO).

More to follow…

August 29, 2023 0 comments
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Fidelity Place Leading Reporters
Business

Fidelity Bank records highest earnings per share on the NGX for H1 2023

by Leading Reporters August 28, 2023
written by Leading Reporters

For the second year running, leading financial institution, Fidelity Bank Plc, has emerged as the company with the highest earnings per share on the Nigerian Exchange Limited (NGX) based on half-year financial figures.

According to a report by BusinessDay, Fidelity Bank, Seplat Energy, Total Energies, Okomu oil, Presco, Dangote Cement, MTN Nigeria, BUA Foods, First City Monument Bank (FCMB) and Geregu Power emerged as the companies with the highest earnings per share within the review period.
Earnings per share (EPS) is a company’s net profit divided by the number of common shares it has outstanding.


It also indicates how much money a company makes for each share of its stock and is a widely used metric for estimating corporate value.
A higher EPS indicates greater value because investors will pay more for a company’s shares if they think the company has higher profits relative to its share price.

Fidelity Bank recorded an earnings per share of N184 in the first half of 2023 from N79 in the first half of 2022.

The shares outstanding stand at 32.01 million, with a price which stood at N7 and a traded volume of 32.15 million as of 12:59 p.m. on Friday.

The bank’s profit for the period stood at N53.3 billion in the first half of 2023 from N22.84 billion in the similar period of 2022.

Fidelity Bank’s cash and cash equivalents rose to N501.54 billion in the first half of 2023 from N276.07 in the first half of 2022.
It would be recalled that the bank’s shareholders recently approved a capital raising exercise via a Public Offer for up to 10 billion Ordinary Shares and Rights Issue of up to 3.2 billion Ordinary Shares representing one new share for every 10 shares held to new and existing shareholders respectively.

August 28, 2023 0 comments
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Acting CBN governor, Deputies sued over refusal to declare assets leading Reporters
Headlines

Acting CBN governor, Deputies sued over refusal to declare assets

by Leading Reporters August 28, 2023
written by Leading Reporters

The Network Against Corruption and Trafficking Foundation (NACAT) has taken legal action against Mr Folashodun Shonubi, the acting Governor of the Central Bank of Nigeria (CBN), and Mr Edward Adamu, a Deputy Governor at the bank.

LeadingReporters learned that NACAT alleged that both individuals failed to declare their assets to the Code of Conduct Bureau (CCB).

The lawsuit, filed in a Federal High Court in Abuja by NACAT’s legal representative, John Ainetor of Festus Keyamo Chambers, also names the Chairman of the Code of Conduct Bureau as a defendant.

The basis for the lawsuit is Section 1(1) and (2) of the Freedom of Information (FOI) Act, 2011.

The lawsuit was designated as FHC/ABJ/CS/1182/2023 and is dated August 25, 2023.

An affidavit accompanying the initial motion ex parte, sworn by Stanley Ugagbe, the operational manager of NACAT, asserted that the respondents adamantly declined to reveal certain documents.

According to Ugagbe, in their roles as public officials, the second and third respondents are legally obligated to declare any interests they hold in specific companies when taking up their positions as acting Governor and Deputy Governor.

What he said

He said:

  • “The applicant has a right under the Freedom of Information Act, 2011, to access the Assets and Liabilities Declaration Forms of the second and third respondents in the records of the first respondent, concerning the declaration of the second and third respondents’ interests in the said companies.
  • “The applicant has made a demand under the Freedom of Information Act, 2011 to the respondents for them to produce the Assets and Liabilities Declaration Forms, where the second and third respondents declared their interests in the said companies, but the respondents failed, refused and neglected to produce the said documents.”

The applicant argued that court intervention was necessary to enforce the request made to the first and second respondents, in line with Section 1 (3) of the Freedom of Information Act.

The applicant’s requests were based on the fact that it had previously sent letters on July 3, 2023, and August 14, 2023, seeking the documents from the respondents, but they declined to comply.

The Acting Governor of the Central Bank of Nigeria (CBN), Mr. Folashodun Shonubi and a Deputy Governor of the CBN, Mr. Edward Adamu have been dragged before a Federal High Court in Abuja, over their alleged failure to declare their assets to the Code of Conduct Bureau (CCB).

The other defendant in the suit filed by the Network Against Corruption and Trafficking Foundation (NACAT), was the Chairman, Code of Conduct Bureau (CCB).

The applicant premised the suit on the strength of Section 1(1) and (2) of the Freedom of Information (FOI) Act, 2011.

The Acting Governor, CCB Chairman and the Deputy Governor were 1st, 2nd and 3rd respondents in the suit marked: FHC/ABJ/CS/1182/2023 and dated August 25, 2023.

Specifically, the group is requesting for the documents wherein Shonubi deliberately refused to declare interest in the following companies: Intameks Ltd– RC13086; Kirby’s Place Resources Ltd – RC1215845; The Pekaboo Company Ltd – RC1395011; Ehlkuhile Investment Ltd– RC857442; Iscopeng Ltd – RC1431044; and Kilima Technologies Ltd – RC1218250.

Similarly, the applicant is demanding the assets and declaration forms of Adamu, wherein he failed to declare his interest in the following Companies: Pinnacle Solutions Network Ltd – RC698688; Elad Global Resources Limited – RC933366 and Global World Frontier Services Nig. Ltd – RC772500.

An affidavit in support of the originating motion ex parte deposed to by Stanley Ugagbe, the operational Manager of NACAT stated that the respondents had vehemently refused to avail them of the documents.

Ugagbe, averred that the 2nd Respondent was listed as a Director in the following Companies: Intameks Ltd– RC13086; Kirby’s Place Resources Ltd – RC1215845; The Pekaboo Company Ltd – RC1395011; Ehlkuhile Investment Ltd – RC857442; Iscopeng Ltd – RC1431044; and Kilima Technologies Ltd – RC1218250.

Also, the deponent claimed that the 3rd Respondent was listed as a Director in the following Companies: Pinnacle Solutions Network Ltd – RC698688; Elad Global Resources Limited – RC933366 and Global World Frontier Services Nig. Ltd – RC772500.

As public officers, Ugagbe stated, the 2nd and 3rd Respondents have statutory obligations to declare in their Asset Declaration Forms, the interests they have in the above-named companies, while assuming their respective offices as acting Governor and Deputy Governor of the CBN.

“That the applicant has a right under the Freedom of Information Act, 2011, to access the Assets and Liabilities Declaration Forms of the 2nd and 3rd Respondents, in the records of the 1st Respondent, with respect to declaration of the 2nd and 3rd Respondents’ interests in the said companies.

“That the applicant has made demand under the Freedom of Information Act, 2011 to the respondents, for the Respondents to produce the Assets and Liabilities Declaration Forms where the 2nd and 3rd Respondents declared their interests in the said Companies, but the Respondents failed, refused and neglected to produce the said documents.

“The applicant submitted that it needed the intervention of the court to compel the 1st and 2nd respondents to grant the request of the Applicant, in accordance with Section 1 (3) of the Freedom of Information Act.”

The applicants predicated their prayers on the ground that they had written letters dated 3rd July, 2023, and 14th August, 2023, requesting the Respondents to produce the said documents but they refused.

“The respondents have failed, refused and neglected to produce the said documents requested from them, contrary to section 4 (a) of the Freedom of Information Act, 2011,” the counsel stated.

As public officers, the counsel submitted that the 2nd and 3rd Respondents have statutory obligations to declare in their Asset Declaration Forms, the interests they have in the above stated companies, while assuming their respective offices as Acting Governor and Deputy Governor of the CBN.

NACAT is a non-governmental organisation, a pro-democracy civil society organisation, whose objectives include contributing to the global war against corruption, financial crimes, terrorism and economic sabotage.

Alex Enumah in Abuja

August 28, 2023 0 comments
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